| Preventing foreclosure with Government help is | | | | An appropriately structured Hardship Letter. |
| not working; after admitting that the Mortgage | | | | A hardship letter is the letter usually used for |
| Modification Plan was a complete failure, the | | | | homeowners to explain the lender about the |
| President is taking steps to make drastically | | | | hardship situation that has forced them to be late |
| changes to the Reform so it works like it was | | | | in their payments. This same hardship letter may |
| intended to. In the meantime homeowners keep | | | | be used to prolong or delay the first step of |
| losing their homes at an alarming rate. | | | | foreclosure for a very long time |
| The main reason the Mortgage Modification | | | | Preventing foreclosure with a Foreclosure Court |
| Program is not preventing foreclosure is because | | | | Hearing. |
| of the immense list of ridiculous requirements to | | | | You have the right to a Court Hearing in your |
| qualify for the plan. In short; the plan has help | | | | local Circuit Court to explain the reason you are |
| about 1% of the number of people it was | | | | not paying your monthly obligations and offer |
| supposed to, and has basically helped those | | | | your part of the story. If done properly this |
| homeowners that didn't need help in the first | | | | Court Hearing could prolong the foreclosure |
| place. | | | | process even for years. |
| Of course, if homeowners knew how to fight | | | | Errors in your Housing Closing Contract. |
| foreclosure on their own we would not see so | | | | Preventing foreclosure using errors in the Closing |
| many homeowners losing their homes in very | | | | Contract is one of the most used yet least talked |
| short period of time. There are hundreds of | | | | strategies. Most Housing Closing Contracts contain |
| strategies that the regular homeowner can use to | | | | little errors; you will try to find those errors and |
| start preventing foreclosure on their own to stay | | | | use them as a highly effective weapon to fight |
| in their homes for years; even without making | | | | the foreclosure process against your lender. |
| payments. | | | | This strategy is very powerful and can keep you |
| Here I will overview some of the hundreds | | | | in your home for years if you know how to use |
| strategies that many homeowners has used lately | | | | it. Lawyers use it daily and charge thousands of |
| to stay in their homes for years without making | | | | dollars to their customers to keep them in their |
| monthly payments, and there is absolutely not | | | | homes. Fortunately you don't need a lawyer to |
| reason you can't do the same and stay in your | | | | make this strategy work. |
| home mortgage free for many years. | | | | |